Cottonseed oilcake futures fall on weak spot sentiments

Cottonseed oilcake prices were down by Rs 18 to Rs 1,600 per quintal in futures trading today as traders reduced positions, tracking a weak trend at the spot markets.

Marketmen said offloading of positions, triggered by a subdued trend at the spot markets on slackened demand against increased arrivals, led to the fall in cottonseed oilcake prices in futures trade.

At the National Commodity and Derivatives Exchange, cottonseed oilcake delivery for most-active August fell by Rs 18, or 1.11 per cent, to Rs 1,600 per quintal, having an open interest of 1,01,370 lots.

The delivery for the September declined by Rs 13, or 0.82 per cent, to Rs 1,572 per quintal, with an open interest of 15,450 lots.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)